EQUAL EARTH
The same old Boom to Bust cycle
"What could we do about the 1.2 billion people around the world living on less than a dollar a day, or the 2.8 billion people living on less than $2 a day-more than 45% of the world's population?.......
But a dual economy is not a developed economy. Indeed the inflow of resources can sometimes actually impede development, through a mechanism that is called the "Dutch Disease". The inflow of capital leads to an appreciation of the currency, making imports cheap and exports expensive...
They discover that trade considerations trump all others, including the environment!.......
It has shown why markets may lead to the underproduction of some things - like basic research - and the overproduction of others - like pollution...
(how much environmental degradation should we tolerate, if it allows us to have a higher GDP)..."
From Globalization and its discontents
By Joseph Stiglitz, Nobel Prize for Economics 2001 and former Chief Economist of the World Bank and Chairman of President Clinton's Council of Economic Advisors
1. From accidental birth,
2. closeted family life to first sex,
3. marriage and child bearing which sustains the family,
4. the local community, the nation and all that pertains to it -
5. to work which at first creates jobs
6. which creates income
7. which creates mass-consumption
8. which creates mass-production
9. which creates unemployment as ever larger output stimulates automation and robotisation
10. which deflates prices as markets become saturated with ever more cheap throw away rubbish
11. that has to be unloaded at ever lower prices
12. to clear the shelves for ever more of the same
13. making fortunes for the financiers, investors and entrepreneurs and
14. employing ever larger armies of unproductive, papershuffling bureaucrats behind the debt-financed scams
15. which inflates asset values of property and shares
16. which creates the same old exponential construction/stockmarket boom and bust cycle
17. which the racketeers exploit to further impoverish the working slaves
18. who must multiply exponentially
19. to keep the quantum rackets in business and profit
20. with total disregard for the welfare and rights of fellow species,
21. nature, forests and oceans
22. whose existence is regarded as totally expendable
23. unless they serve and submit to - unconditionally -
24. the avaricious, insatiable, voracious and unlimited
25. economic growth insanity and
26. expansionist culture of egoism of humans.
27. Stiglitz et al refuse to admit the quantum effect of human over-population which if brought under control and reduced by the same number as the ongoing annual increase would not only lead to a massive improvement in living standards for all but also reduce pollution, resource depletion, deforestation, natural habitat destruction and bio-diversity extermination commensurately - because such an admittance would invoke the question: why did they not address it before it got out of control?
equalearth@telefonica.net